Financial Risk Manager

Ways of Financial and Risk Management

Pakistan's central bank lowered on Thursday its gross domestic product (GDP) growth forecast for the 2008/09 (July-June) fiscal year to between 2.0-3.0 percent from its previous estimate of 2.5-3.5 percent.
Pakistan achieved GDP growth of 5.8 percent in the 2007/08 fiscal year, and the government had originally set a growth target of 5.5 percent for the current year.
In a quarterly report, the State Bank of Pakistan also raised its 2008/09 average inflation forecast to between 20.5-21.5 percent from an earlier forecast of between 19.5-20.5 percent.